InfoAnda - Apple has rare miss on pre-iPhone lull, global economy |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

US-ENTERTAINMENT Summary | 12 October 2010
Web TV firm Joost ousts Chairman Mike Volpi | 15 September 2009
InterDigital tanks after Google's Motorola Mobility buy | | 15 August 2011

New German foreign minister on first Moscow visit | 21 November 2009

Forum Views () Forum Replies ()

Read more with google mobile : Apple has rare miss on pre-iPhone lull, global economy |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Olympics Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (3) Counterparties: Today's best links Austerity's big winners The poor and middle classes have felt the brunt of the burden of austerity policies. The winners have largely been financial interests and the wealthy. Learn More Mario Draghi's secret weapon Effusive coverage of Kazakhstan, brought to you by Kazakhstan Get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read Manufacturing growth slowest in 19 months: Markit 9:37am EDT Discussed 234 Mexico urges U.S. to review gun laws after Colorado shooting 148 Fourteen killed in Denver movie theater shooting 117 Syrian battles rage in capital, Russia pressed Watched Apple shares undervalued? 1:22pm EDT A split decision in Apple versus Samsung 11:07am EDT Artificial jellyfish shocked into "life" Mon, Jul 23 2012 Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Healthcare in Appalachia Remote Area Medical clinics bring free medical care to uninsured people in Appalachia and elsewhere. Slideshow Escape from Congo Recent fighting has displaced more than 200,000 Congolese. Slideshow Apple has rare miss on pre-iPhone lull, global economy Tweet Share this Email Print Related News Instant View: Apple's iPhone sales miss, Netflix's shaky outlook unnerve Street 4:51pm EDT Related Topics Tech » Media » iPad » An Apple logo is seen at the Apple Worldwide Developers Conference 2012 in San Francisco, California June 11, 2012. Credit: Reuters/Stephen Lam By Poornima Gupta SAN FRANCISCO | Tue Jul 24, 2012 5:41pm EDT SAN FRANCISCO (Reuters) - Apple Inc's results fell short of Wall Street's expectations as global economic growth slumped and consumers held off on buying its flagship iPhone ahead of a new version expected in the fall, hitting its stock price. Shares of the world's most valuable technology company shed more than 5 percent after it reported its second quarterly results miss in less than a year. During the latest quarter, Apple shipped 26 million iPhones, well below the 28 million to 29 million that Wall Street analysts had predicted, even taking into account a pause in buying ahead of the iPhone 5. In contrast, the company sold 35.1 million iPhones in the March quarter. Sales of the iPad, the tablet that accounts for well over half the world's market, came in at 17 million in the fiscal third quarter, above expectations. Apple, notorious for its conservative forecasts, estimated earnings for the September quarter of $7.65 a share on revenue of $34 billion, well below the average estimate of $10.23 a share on revenue of $38.03 billion, according to Thomson Reuters I/B/E/S. "It's a big miss. The guidance for next quarter was very low. I'll be very interested to know if it was a product transition or the economic" turbulence," said David Rolfe, chief investment officer for Wedgewood Partners. "What is key is the mixture between iPhone and iPad. The iPhone has higher margins. iPhone sales were lower than expected - meaningfully lower - and that translates into a big hit on the bottom line." Also, Apple has seen Samsung Electronics - now the world's largest seller of smartphones - and other handset manufacturers using Google Inc's Android software chip eat away at its market share. MISSING TEMPERED EXPECTATIONS In coming months, Apple is expected to roll out a new iPhone, which is likely to again pose a stiff challenge to rivals such as Samsung. This was a reason why few investors were not expecting a blowout third-quarter as they remembered how chatter over a new iPhone last year caused Apple to miss quarterly expectations for the first time in years. The economic slowdown in Europe and China also made many investors nervous. "We expected a lot of consumers will probably delay their upgrade and their purchases until the iPhone 5 comes out," Channing Smith, co-manager of Capital Advisors Growth Fund, said. "We saw a similar trend occur last year with the iPhone 4S." Apple's fiscal third-quarter revenue rose to $35 billion, much lower than the average analyst estimate of $37.22 billion. It reported net income of $8.8 billion or $9.32 a share, compared to $7.3 billion or $7.79 a share a year earlier. That lagged the $10.37 Wall Street had forecast. Its shares slid to $570.81 in after hours. They closed at $600.92 on the Nasdaq. "Apple is in that rarest of all positions where the Street will punish them for anything less than an excess of success," CCS Insight analyst John Jackson said. "If there's a positive spin on the iPhone story, it is one of latent demand." Revenue in the Asia Pacific region -- which excludes Japan - shrank 22 percent from the previous quarter, far outstripping the 3 percent to 6 percent fall in revenue in the Americas and Europe. Gross margin for the quarter was 42.8 percent, also lower than the expected 43.68 percent. Apple's hoard of cash and other securities now amounted to $117.2 billion. (Reporting By Poornima Gupta; Editing by Bernard Orr) Tech Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (3) Harry079 wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Wednesday, 25 July 2012
Netanyahu urges better Turkey ties, cites regional turmoil |
Draft U.N. arms trade treaty full of holes, activists say |
Venezuela's Chavez unveils 3D image of hero Bolivar |
Ethnic riots sweep India's Assam, at least 30 killed |
U.S. commander accused of stalling Afghan hospital abuse probe |
Cardinal praises prominent Cuban dissident at funeral |
Suicide bomber behind Bulgaria bus attack had help: PM |
Apple has rare miss on pre-iPhone lull, global economy |
EU warms to Google antitrust concessions |
Killer of three in Jennifer Hudson's family gets life |
Toronto film festival promises action, India, Affleck |
Jackson estate concerned about bullying of Michael's kids |
Syrian armored column closes in on Aleppo |
Al-Qaeda says carried out Iraq attacks |
UK, France agree on more military cooperation |
Khamenei tells Iran politicians to show more unity |
Venezuela withdrawing from regional human rights court |
Rioters break curfew, more wounded in India's Assam |
In power, Egypt's Brotherhood seeks balance on Islamic law |
Philippines' Arroyo posts bail on fraud charges, leaves hospital |
No damage, tsunami after 6.6 quake hits off Indonesia's Sumatra |
Rival PNG prime ministers join forces to form new government |
Apple's rivals swoop as iPhone China sales flag |
Apple blames rare miss on new iPhone anticipation, economy |
ARM outperforms industry to beat forecasts |
Canon cuts profit outlook, signals euro pain for Japan Inc |
Nintendo narrows loss in first quarter |
HBO nixes idea of Netflix partnership |
Actor Christian Bale visits Colorado shooting victims |
Michael Jackson family dispute sparks concern |
The Jeffersons actor Sherman Hemsley dies at 74 |
Ryan Murphy shrugs off protest of gay adoption TV comedy |
Matthew Perry in latest bid for comeback after Friends |
Sharon Osbourne tweets she is leaving America's Got Talent |
Batman comic book postponed after Colorado movie shooting |
North Korea confirms mystery woman is leader's wife |
Turkish forces kill 15 Kurdish rebels in southeast |
Makeup of new Egyptian government seen complete next week |
Blast in refugee camp wounds 6 in northeast Kenya |
As Ghana mourns president, focus turns to election race |
Five dead in helicopter crash in French Alps: police |
Analysis: In Syria crisis, stakes high for Hezbollah |
British hunger striker jailed in UAE released |
EU regulators seek global concessions from Google |
New York Times drops BlackBerry app |
Actor Christian Bale visits Colorado shooting victims |
Punk godmother Patti Smith pays homage to St Francis in Assisi |
Michael Jackson family dispute sparks concern |
A Minute With: Matthew McConaughey and his new 'Killer' role |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01